Micron expects 264% revenue growth next quarter
Micron is benefiting from the massive AI buildout, which is driving demand for memory chips. The company manufactures both DRAM and NAND memory chips, and is building out extra manufacturing capacity to meet demand.
The memory chip shortage could last for a few more years, giving Micron investors an opportunity to make a significant profit. Analysts expect 264% revenue growth next quarter, and an additional 250% growth in the fourth quarter of fiscal year 2026.
Micron still trades at a discount to most of its tech peers, which commonly trade for 20 to 30 times forward earnings. This makes Micron a strong growth and value play, with the potential for significant upside in the short term.
The AI buildout is expected to continue, driving demand for memory chips and supporting Micron’s growth